Various changes – LF Miton Cautious Multi Asset fund
Link Fund Solutions has announced a change to the fund name, clarification of investment objective and policy, change of registrar / administrator and reduction in fees to its LF Miton Multi Asset fund (the "Fund") which will take effect from 27 November 2020.
Impacts on
these defined fund range products
Impacts on
open architecture products including
- PIMS
- Choice
- Select
Funds available in our open-architecture products
The Fund features in our open-architecture products and will be subject to changes detailed in the LF Miton notification documents opposite.
Funds available in our defined fund range products
The Fund can be found in our guided architecture products Oracle, Paragon, Quantum, Quantum Malaysia, Regular Savings Plan and Regular Savings Plan Malaysia. A summary of the changes to the fund name, OCF and investment objective and policy are detailed in the tables below.
Link Fund Solutions has announced that the authorised corporate director of the company is to change from Link Fund Solutions to Premier Portfolio Managers Limited. As a result of this change LF Miton Investment Funds will be renamed as Premier Miton Investment Funds. Link Fund Solutions has also announced that Northern Trust Global Services SE (UK branch) will be the new fund administrator of the Fund.
You can view a copy of the Link Fund Solutions notification documents opposite.
| Current fund name & OCF | New fund name & OCF |
|---|---|
| LF Miton Cautious Multi Asset (1.55%) | Premier Miton Cautious Multi Asset (1.54%)
|
| Current investment policy | Revised investment policy |
|---|---|
The investment objective of the Fund is to provide long-term growth by investing in a portfolio of other authorised funds, worldwide equities, fixed interest stocks, cash and money market instruments.
The investment Manager will take a fundamental and value driven approach to portfolio allocation, dependent on the relevant attractions of the world equity, fixed interest and currency markets. The Fund will take an aggressive view of the stock market weightings in the portfolio, when compared to a neutral world market capitalisation. | The objective of the Fund is to achieve capital growth over the long term, being five years or more. The minimum recommended holding term is at least five years. The does not mean that the Fund will achieve the objective over this , or any other, specific time period and there is a risk of loss to the original capital invested.
The asset classes chosen by the Investment Manager to meet the objective will include equities (company shares), fixed income (including bonds issued by governments and companies), property (including Real Estate Investment Trusts), commodities, cash and cash like investments.
The investment manager will maintain exposure to a broad spread of underlying assets, although equities and fixed income will form the majority of the portfolio with the Fund investing a maximum of 60% in equities. The investment manager will typically gain exposure to equity and fixed income assets through direct investment, but investments in property and commodities will be indirect. The Fund may also invest in shares in collective investment schemes covering global markets . In order to create a diversified portfolio , the investment manager will usually maintain a portfolio of at least 100 individual investments .
The Fund may invest in derivatives and forward transactions (these are contracts whose value is based on the change in price of an underlying investment), for the purposes of efficient portfolio management including hedging (hedging is designed to offset the risk of another investment falling in price).
The overall risk profile of the Fund will not change as a result of these changes.
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For more information about Premier Miton visit www.premiermiton.com